Glen Eagle Resources Inc V.GER

Alternate Symbol(s): GERFF

Metals & Mining Industrial Metals & Minerals

Glen Eagle Resources Inc. is a Canada-based company, which is engaged in the acquisition, exploration and evaluation of mining properties. The Company is engaged in the production of gold and silver from the purchasing and processing of material in Honduras. Its activities also consist of owning mining concessions in Honduras where it intends to proceed with an exploration and evaluation program. Its La Cobra property is composed of one claim covering approximately 775 hectares and located in the Valle Department, Honduras. It has three areas of interest for lithium, in the Lebel-sur-Quevillon area: Lessard property, Perigny property and Nicobi property. The Nicobi property is characterized by a one km long lake-bottom lithium anomalies varying from 33 to 45 ppm of Lithium. The Perigny property is characterized by seven km long lake-bottom lithium anomalies varying from 19 to 26 ppm of lithium. It is also looking for exploration and evaluation activities located in Quebec, Canada.

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Glen Eagle Resources Inc

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Comment by kusarion Jun 23, 2011 2:11am

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Post# 18754158

RE: Lithium Resource Estimate

I just read through the technical report. I came out with 9024 meters. In an interview Jean said they hope to get the resource estimate towards 10 million tonnes. We're currently at 4,167,000 tonnes grading 1.04% Li2O in the indicated resourcecategory with an additional 2,290,000 tonnes grading 1.00% Li2O in theinferred resource category

Canada Lithium recalculated their resources to 20,335,000 tonnes at0.85% Li2O and they have a market cap of 165 million with 274 million shares fully diluted.

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